Even during the darkest days of the recession, Terri Salstrom, president/CEO of the $137 million Industrial Credit Union, always had big dreams for her cooperative.

For one, Salstrom believed that the Bellingham, Wash.-based ICU could one day be the source for business lending services in a community Forbes Magazine singled out in 2010 as one of the nation's top small metro areas for business investment.

Fast forward nine years later and ICU stands on the brink of new growth and development thanks to recently receiving a $1.5 million grant from the U.S. Department of Treasury Community Development Financial Institutions Fund.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lending